Kalpataru Power Transmission Ltd receives orders of Rs. 1,300 crores

Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power and infrastructure contracting sector has secured new orders / notification of award of about Rs.1,300 Crores. The details are as follows:

- Orders from India and overseas market in the T&D business
- EPC orders for pipeline laying and associated works in India
- Order for railway electrification by Central Organization for Railway Electrification (CORE)
- KPTL's international subsidiary has secured new T&D projects in Europe

Commenting on the new order announcements, Mr. Manish Mohnot, Managing Director & CEO, KPTL said "We are delighted with the new order wins in all our businesses. Our current year order inflow is in excess of Rs.4,500 Crores and we are favourably placed in projects of over Rs.3,000 Crores. We continue to be on track to achieve order inflows in the range of Rs.9,000-10,000 Crores for the current financial year. We continue to focus on expanding our international operations in all our business verticals for KTPL and JMC. The process of divestment of T&D assets is also on track and we expect to be net debt free in 2021."

Shares of KALPATARU POWER TRANSMISSION LTD. was last trading in BSE at Rs.320.85 as compared to the previous close of Rs. 323.6. The total number of shares traded during the day was 19015 in over 773 trades.

The stock hit an intraday high of Rs. 326.15 and intraday low of 317.3. The net turnover during the day was Rs. 6096946.

Source : Equity Bulls

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